Bangkok Bank's Vietnam branches expect merger and acquisition (M&A) deals for Thai companies in the country to boost loan growth this year amid the economic slowdown.
BBL's branches in Ho Chi Minh City and Hanoi have several M&A deals in the pipeline. A few of them, in the construction, property and hotel sectors, are expected to be completed this year.
This could increase the bank's lending in the second half after it booked lower-than-targeted growth for the first half due to Vietnam's sluggish economy and banking industry, said Tharabodee Serng-Adichaiwit, a senior vice-president and general manager for Vietnam.
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